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Boeing boosts profit on strong jet sales
Boeing boosts profit on strong jet sales

Boosted by strong sales in its first financial quarter, Boeing Co. beat analysts’ estimates largely due to an increased production rate of commercial jetliners. The Chicago aerospace giant reported a profit of $965 million, or $1.28 a share. That’s down 12.7% from last year’s first-quarter profit of $1.11 billion, or $1.44 a share. Boeing attributed the fall to a $330-million write-off related to changes in its pension plans and a one-time tax credit in 2013. The company's core earnings -- excluding retirement costs and the write-off -- rose to $1.76 per share, up from $1.73 during the same period a year ago. Analysts had expected core profit of $1.56 per share....

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